Giga Metals Announces Final Closing and Increase of Non-Brokered Private Placement

About this update from Giga Metals Corporation

Giga Metals Announces Final Closing and Increase of Non-Brokered Private Placement NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, June 02, 2026 (GLOBE NEWSWIRE) -- Giga Metals Corp. (“Giga Metals” or the “Company”) (TSX-V: GIGA; OTCQB: GIGGF; FSE: BRR2) is pleased to announce that it has completed its private placement announced on April 15, 2026. Due to demand, the initial private placement has been further increased to 17,811,000 Units at a price of $0.08 per share for gross proceeds of $1.425 million. Each Unit consists of one common share of the Company and one non-transferable share purchase warrant. Each whole warrant will be exercisable into one common share of the Company at an exercise price of C$0.15, for a period of three years, expiring April 30, 2029 and June 2, 2029 respectively. The securities issued have a hold period expiring 4 months plus one day after issuance, being August 31, 2026 and October 5, 2026. “On behalf of Giga, we want to welcome new shareholders as well as thank our existing shareholders for their continued support. Giga Metals is well-funded to advance exploration at Turnagain and our ongoing strategic partnership discussions,” said CEO Scott Lendrum. “The next phase of our geophysics program is scheduled to kick off next month and we are anticipating a busy summer at site as we continue to evaluate the potential of the Attic Zone at Turnagain.” Finder's fees were paid on 10,457,500 Units for a total of $58,562 in cash plus a total of 732,025 finder's warrants. Each finder's warrant is exercisable into one common share of the Company at a price of $0.08 per common shares for a period of three years from the date of issuance, being April 30, 2029 and June 2, 2029 respectively. The proceeds of the Private Placement will be used to advance development activities at the Turnagain project; exploration activities at Turnagain focusing on the Attic zone; and for general corporate purposes. No control blocks were created as a result of this private placement. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press rel...

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